35 Miss. Code. R. 4-10-01-209
Current through December 10, 2024
There will not be a ten percent (10%) penalty on the same deficiency more than once. Any portion of tax related to compensation that was penalized as a failure to post a bond or prepay the tax in full on contracts before the work was begun will not be subject to a ten percent (10%) penalty on the late remittance of monthly returns. Any portion of tax related to the late remittance of monthly returns that was penalized will not also be subject to a ten percent (10%) penalty for failure to post a bond or prepay the tax of a contract.
35 Miss. Code. R. 4-10-01-209